Tiestofan25
Junior Member
What is the name of your state (only U.S. law)? New York
Counterparty is NJ; venue will be NJ.
If I take an offer from a hit & run drivers insurer, what effect does this have upon my ability to go against my insurer to collect on a judgment? If I take 40 cents on the dollar of their $100,000 coverage does this mean I can only take 40 cents on the dollar from my insurer, or am I completely foreclosed from pursuing them for comp? In general, of course; I know there may be issues of subrogation and whatnot that go beyond the scope of the Q.
Thanks in advance.
Counterparty is NJ; venue will be NJ.
If I take an offer from a hit & run drivers insurer, what effect does this have upon my ability to go against my insurer to collect on a judgment? If I take 40 cents on the dollar of their $100,000 coverage does this mean I can only take 40 cents on the dollar from my insurer, or am I completely foreclosed from pursuing them for comp? In general, of course; I know there may be issues of subrogation and whatnot that go beyond the scope of the Q.
Thanks in advance.